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as a promising future energy source. >> translator: as one of the world's largest oil producers iraq offers a wide range of opportunities. >> reporter: chinese firms were prominent. the state run oilompany has already won the contract to double up a huge oil field near the city. >> iraq is new market. it's booming for oil and gas. i see the risk. they're so nice. >> reporter: security remains precarious since the start of the 2003 iraq war. a string of terrorist attacks rock the country after the last u.s. troops pulled out a year ago. three major ethnic and religious groups are still jostling for control of political power, territory and all revenues. >>> north korea has announced it will extend the period for iraq's oil men minister has set an ambitious target. launching what it calls a >> translator: we welcome companies and want to show them what they can do to develop basra. >> reporter: iraq is now in a better position to attract investment with neighboring iran conquered by sanctions on its nuclear program. satellite carrying rocket by one it has overtaken iran to become the second l
mornings to talk about the wind energy industry and the importance of the trucks tax credit. but before -- and the importance of the production tax credit. before i begin i'd like to associate myself with the majority leader's remarks. we do need to extend the tax cuts for the middle class as soon as possible. that's clearly the message the american people sent on november 6 in the nationwide election that we had. i also want to respond to the comments and the conversation between the two leaders over the debt ceiling limit. it's important to recognize that when we raise the debt ceiling all we are doing is keeping faith with what congress has already appropriated, what congress has already made clear we will spend on behalf of our country and all the various ways that the federal government operates. we cannot afford to have a situation like we had august before last where we dallied and we literally shot our economy and ourselves in the foot by not extending the debt ceiling. we saw one of the rating agencies lower our national rating; first time in history. there is a way to do this
about. we'll be examining the key issues all this week here on "newsline." energy policy has emerged as one of the biggest points of contention in this election. at the heart of the debate is the notion of health, both of people and the japanese economic. nhk world reports. >> reporter: ken has done everything he can think of it to save electricity. he understands what's at stake after what happened in fukushima. he's hoping he and his neighbors can reduce their dependence on nuclear power. >> translator: i'd like to see which politicians will take concrete steps to deal with nuclear power. i'll choose the one who shares my way of thinking. >> reporter: the fukushima disaster forced people in japan to think about where their energy comes from. nuclear power accounted for 26% of the supply before the accident. the government plans to raise that to 45% by 2030. japan has 54 nuclear reactors. the accident prompted operators to shut them down one by one for safety inspections. by this past may all of them were offline. but the people who ran the utilities feared they wouldn't be able to
the most independent sovereign ty is the most important point. peaceful use of the nuclear energy and the other is the peaceful use for outer space. actually using outer space with the launch and show you the time of december. a little bit before december, south korea had time launch their own satellite. they delayed the launch and during the preparation, no one complained. no one criticized. whenever north korea did something with the missile launch, anyone in the international community cannot accept it. therefore some of them admit that north korea has a right to launch missiles into outer space. >> we are talking about two missiles. plus it's december, not the best of months. >> that's right. yeah. it's a quite unusual one. they strongly indicated that the 100 day hold to succeed, but they understand about the product because in the winter time and using the fuel is quite unstable and weather conditions are not so good. >> despite that they are willing to take the risk. >> that's right. yes because again -- the independent sovereignty are quite important. they are much more pr
$257 million. the energy department here in the u.s. thinks for its $132 million investment, it should get a share of the proceeds. the company from china disagrees. decision could be months away. finally, it's like the seven-second delay on steroids. the state department is reportedly considering drastically rewriting its rules on social media novembering geinvolving two daye a tweet. "washington post" says the move may be in the wake of a scandal involving around a tell-all book but it's worth noting that the u.s. embassy in cairo egypt ran in trouble over tweeted apology over the anti-islam film that surfaced before the terror attack in benghazi, libya. there is a renewed battle going on tonight in california about renewable energy. specifically, solar power. it's about profit versus loss. tax collectors versus the taxpayers. correspondent william la jeunesse lays it all out for us. >> there will be screwups and bankruptcies. indictments and deaths. but we are going to keep going. >> critics be damned says governor jerry brown who backed solar energy regardless of cost or consequenc
the regulation of nuclear energy. yoichiro tatiwa, nhk world. >>> people in japan are weighing their options in preparing to make a decision that will effect their future. they cast ballots next sunday in a general election. when japan decides voters will be picking lawmakers for the louer house lou lower house of the diet. the parties will form the next government. voters have a lot to think about. we'll be examining the key issues all this week here on "newsline." >>> prime minister noda is facing the biggest fight of his political life, nhk's latest opinion poll suggests he could be in trouble. this election, like any, has a lot of moving parts which can confuse those who are unfamiliar with the system. >> reporter: we should work together to tackle japan's challenges. >> translator: i'm determined to do everything possible to move politics forward using a down to earth approach. >> reporter: and there were many challenges. reconstruction following the 2011 disaster, containment of the fukushima nuclear accident. and fiscal reform and economic growth. they faced them one by one with varyi
for getting government permission to export the commodity. the u.s. energy department released the report on wednesday. it says the export of shale gas and other natural gas products would raise energy prices but would help the economy overall. the government is now ready to examine whether to give the go-ahead to export projects. a number of energy firms hope to export natural gas as the surge in shale gas output pushes domestic gas prices sharply lower. >>> the export plans include business with japan's electric and gas utilities. japanese energy firms have had to increase their use of thermal power plants since the nuclear accident and are keen to buy cheaper u.s. gas. officials at japan's transport ministry have ordered airlines to inspect boeing passenger jets. they say state-of-the-art 787 dreamliners have had problems with their fuel lines. the emergency order followed a fuel leak in october involving a 787 flown by all nippon airways. workers at boeing found that fuel line connectors designed to prevent leaks were not installed on that plane. officials at all nippon airways and ja
the commodity. the u.s. energy department released the report on wednesday. it says the export of shale gas and other natural gas products would raise energy prices, but it would help the economy overall. the government is now ready to examine whether to give the go-ahead to export projects. a number of energy firms hope to export natural gas as the surge in shale gas output pushes domestic gas prices sharply lower. now, the export plans include business with japan's electric and gas utilities, japanese energy firms have had to increase their use of thermal power plants since the nuclear accident, and they are pretty keen now to buy cheaper u.s. gas. >>> let's get a check of the markets now, starting in europe, where stocks are trading higher. this is on fresh hopes that u.s. politicians will be able to clinch a deal to avoid that fiscal cliff. london's ftse 100 is up right now by 0.2%. we see the frankfurt market moving ahead, up about a percent. paris's cac 40 seeing gains of 0.3%. earlier in asian trading, share prices were largely mixed. there was some profit-taking from yesterday's gai
this happen more often? joining me now is tyson slocum, director of public citizen's energy program. we have david kroetzr researcher in economic and climate change from the heritage foundation. welcome to both of you. what do you think about this. >> i think we definitely have a problem with a lack of adequate federal oversight of pipeline safety. we've got over half a million miles of transmission pipelines crisscrossing across the united states and only about 110 federal inspectors. we had a pipeline safety bill that passed congress and was signed into law by obama in 2011 but it didn't go nearly far enough in beefing up finances to hire more inspectors. to mandate the increased placement of shut-off valves that in case of an incident in a pipeline you could limit the damage. melissa: yeah. >> and also i think we have to reassess the focus over the last decade of looking at terrorism security and look more at maintenance and operations particularly --. melissa: that is interesting point. let me talk to you about the details of this one. it took place just before 1:00 p.m. >> sure. melissa
. our road map begins with a $20 billion deal. freeport mcmoran getting into the energy business making two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total
we've become the king of fracking but americans get very insecure about exporting energy. >> but the good news you started with, yes we have more natural gas than we even know, melissa. there is so much there. we have the technology, we have the people. we have the financial wherewithal to produce how much we're allowed to produce, that is the key word. how much are we allowed to produce. this is a government-run market now. it is not a free market. it's a government-run market. so where is the government on your question? melissa: yeah. >> we don't know. melissa: we don't know. >> there has been no leadership. melissa: we don't know although that they are hostile to a certain extent. $47 billion is a lot of money obviously. that would create a quite a lot of jobs, right? they reilly turned down ss many jobs and revenue when the economy is hurting so much. >> and it is not just export% lng. my bottom line, yes, we should export lng if we have a market out there to serve but let's do even more with natural gas. let's make natural gas into transportation fuels, cng, compres
for more than 70 million americans. that's health in numbers. unitedhealthcare. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> almost a year after his death, kim jong ill still looms over north korea. today they erected eight statues around the city. they instribed his name and started plans to renovate
in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? i had[ designer ]eeling enough of just covering up day! my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®,
who backed solar energy no matter of cost or consequence. >> we are the people living with it for ever. we are opposed to it. >> reporter: riverside county is home to more molar energy than anywhere in the u.s. some call it a taxpayer rip off. >> they talk about all the huge jobs and long-term benefit to the county. we will be carrying the burden of having these types of facilities for decades to come. >> there isn't a single energy source in the united states that isn't subsidized right now. this is leveling the playing field for solar. the truth is that the cost for solar power is going consistently down. >> reporter: costs are dropping but solar is still up to five times more expensive than conventional energy and the plants pay millions in local property taxes while solar pays next to nothing. when riverside tried to impose an impact fee big solar sued. >> this was an illegal tax. >> reporter: they have local environmen environmentalists on fire for bulldozing habitats and species. >> now we have seen acres of the desert bladed and undergoing ooh title-style construction. >> we are
energy is leaving some folks a little blue. those stories and breaking news all "happening now." the whole region on high alert as north korea moves ahead with plans to launch the long range rocket despite technical trouble we are hearing about. welcome to "happening now," i'm jenna. jon: i'm jon scott. the secretive nation announced a delay. the last attempt in april ended in failure. the united nations band north korea from conducting any missile tests several years ago after it tested nuclear weapons. the west considers the upcoming launch test for north korea to try to develop an intercontinental ballistic missile capable of deliver a warhead. pwaeufdavid piper is streaming live from thailand. >> reporter: north korea wants to get this off without a hitch because the last one failed in april. a spokesman for north korea said there were technical problems with the module of the rocket but didn't elaborate. he said they were extending the launch period from now until december 29th. he added they were going ahead with final preparations for the launch despite those problems. s
to make sure america leads the world in research and technology and clean energy. i want to put people back to work rebuilding our roads and our bridges and our schools. [applause] that's how we grow an economy. i want us to bring down our deficits, but i want to do it in a balanced, responsible way. and i want to reward -- i want a tax code that rewards businesses and manufacturers like detroit diesel right here, creating jobs right here in redford, right here in michigan, right here in the united states of america. [applause] that's where we need to go. that's the country we need to build. and when it comes to bringing manufacturing back to america -- that's why i'm here today. since 1938, detroit diesel has been turning out some of the best engines in the world. [applause] over all those years, generations of redford workers have walked through these doors. not just to punch a clock. not just to pick up a paycheck. not just to build an engine. but to build a middle-class life for their families; to earn a shot at the american dream. for seven and a half decades, through good times a
about the bulk of this energy and where you can find it tonight. that's still coming up later on in this newscast. >> we have to wonder, what were they thinking? why a nearby elementary school was renamed after a notorious killer. >> the bay area loses a fire station. how long it's going to take to get help now. >> a bay area couple plays secret santa at walmart, handing out cash and gifts to total strangers. ,,,,,,,,,,,, ,,,,,,,, notorious outlaw! >>> a selenas elementary school is making a name for itself by adopting the name of a notorious outlaw. tiburcio vasquez was one of the original gangsters. he committed a dozen murders. he's also something of a folk hero. many hispanics view him as an avenger. >> number one was not a murder. he was framed by the system at that time. he took from the rich and gave from the poor. >> the incoming mayor isn't too pleased. he says the district needs to rethink its decision. several healthcare centers are named for vasquez. >> an arsonist nearly ended up a murder after targeting the home of a mother and her son. someone toss add molotov c
reports of a takeover of walter energy out today. >> that's right. we'll look at walter energy. walter energy is gaining on this market speculation on this news that bhp billiton is considering a cash bid for the u.s. coal producer, walter energy. that is why we're, at $55 a share. again these are according to reports, spokesman at hp headquarters that the report was market speculation. certainly enough to keep things moving around there. bhp shifted focus and cutting costs across the board. walter got a nice pop on the market speculation. pack to you. melissa: nicole, thanks so much. oil extending losses for the third day in a row. what is sending it lower? we head to the pits -- i'm sorry? lori: over here. melissa: okay. we head to the pits of cme. fox business contributor phil flynn price futures group to find out. >> i'm here. i'm right here. 86, we're just below 86, back above 86, the lowest level in three months. a lot of it being driven by lower gasoline prices. but also concern about the darn ecb. mario draghi talking about the slowing economy but saying he is not doing a heck
highest level in nearly 15 years. this is according to a new report from the energy information administration. daily production, daily output, averaged almost 6.5 million barrels per day in september, the highest level of oil output in the u.s. since 1998. eia says the increase is mostly due to the extraction process known as fracking, new technology to get oil in every nook and cranny. some coined a phrase saudi america for america's projected energy boom over the next decade. a report from last month from the international energy watchdog says the u.s. could unseat saudi arabia as the world's top oil producer by the year 2020. >>> quick market check this morning, u.s. stock futures are up, fiscal cliff uncertainty could continue to weigh on stocks until it's resolved. we're getting a lot of economic news this week with the jobs report on friday. so i expect to see hurricane sandy was at play in there. >> figuring into that report. looking forward to that. >>> first it was republicans throwing the president's fiscal cliff plan right back at him. now it's the president's turn.
money, give us energy, give us oil, otherwise we may kill a whole lot of people. we're going to be out there with that threat and they will be appeased. strategy isn't working with the south koreans. isn't working with the japanese. other asians are now lining up. they're looking at all of this and saying, we can't allow this. this country to hold us, you know, at risk, constantly, to get what it wants. >> jim clancy, thank you, on north korea and this rocket launch here. >>> back to oregon. we feel your shock and we feel your grief today and now the shock of learning the gunman, who opened fire at this crowded mall, 10,000 people inside, was 22 years old. here he was, this is the picture, just handed out by oregon officials. i want to bring in dan simon. he's outside the mall, this is suburban portland. i was listening to the news, the sheriff walked us through what we refer to as a timeline, a ticktock of the shooting. what did he reveal? >> reporter: we'll get to that in a minute, first of all, authorities wanted to stress that the shooter in this case, jacob tyler roberts, acted al
. it sits on four tetonic plants on top of each other releasing massive amount of energy. the place is hit by 20% of the world's earthquake with magnitude six or higher. if we get more details we'll bring them to you here on "america's newsroom". martha: we'll talk about the jobs number that came in this morning. this is the november number. down to 7.7%. that is the lowest number we've seen since december of 2008. but the internal numbers look like this. the labor department says that 350,000 people dropped out of the workforce and stuart varney feels that number is very significant. he joins me now. host of "varney & company". good morning, stuart. >> morning martha. bill:. martha: talk to me about both those numbers. >> that 7.7% rate first announced that was a surprise. it had not been expected to go down. then you dig within the numbers you come up with that very important number, 350,000. that is by how many people the labor force shrank, contracted. when you take out 350,000 from the total workforce, then you do get the unemployment rate coming down. so that number, 350,000. that is
affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> welcome back to the second half of "outfront." we start the second half with stories we care about where we focus on our reporting from the front lines. we begin at the university of colorado-denver, which has released thousands of e-mails related to james holmes. the man accused of killing 12 people at a colo
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> it's time now to clear the air. and while the president and speaker boehner continue to trudge through trickle as they try to reach an agreement, the fiscal cliff has already arrived for workers in michigan. the protests that marked the passage of legislation signed almost immediately by governor rick snyder were indicative of the anger felt by hard working americans who know that their future will soon begin to darken. republicans like rick snyder argue these right to work laws will improve a state's economy by creating more jobs. but like many of their favorite mantras, the facts do not support the claim. an exhaustive st
zeros in on a failed stimulus attempt, and it usually involves a green energy company that they tried to put money into to sort of prop them up, and then the market said, no, no, we still want our suvs, we want our gas guzzlers, and we know it's bad for the environment, but we love 'em. and they're so big, and they hit so many kids. but whatever, the white house responds by saying it's like anybody's investment portfolio, you've got winners and losers. and, you know, we tried, and they're not all going to be great and, of course, the press is going to focus on the ones that lose, and i imagine they would say this is another example of that happening. >> this is true. that's what they will say. the problem for the president is that the losers are very famous, and they're very notable. solyndra, and we've had solar firms, other solar firms, a123 battery is now famous because of the china sale going on right now. so for the president whatever he says about the unfairnesses of being judged by these failures, the truth is they stick out so much, and the president can say that over time the
to inject some energy in the right place at the right time. next appear will be senator sam nunn, longstanding german and senate armed services who understands our country and national security as well or better than anybody that i have ever worked with. thanks to pete peterson for getting this group together and for so much else and for michael and the peterson foundation have done in terms of bringing attention to the fiscal challenge we face and mobilizing support for the rational and moral mullen thank you for the tremendous leadership and for the citizens and the recent months you have led the statement that basically the biggest risk that we have to national security is our debt and unsustainable fiscal policy is one that i totally endorse and agree with and i commend you for making it because your impact is very powerful so that is my first point. my second point is that even if we avoid the short term debt crisis, the so-called cliff, and i hope that we will, the interest on debt in the years to come will increasingly dominate the budget and pressure defense in a very ser
to your home. even control your thermostat to help save energy and money. get adt installed starting at just $99. that's a $300 savings. you may even save up to 20% on your homeowners insurance. for everything that matters most. adt. always there. >> world watches with concerns over a chemical weapons massacre. amateur video from the syrian capital of damascus. bashar assad's power base. rebels have been trying to supply lines, as the bullets fly behind the scenes a political maneuvering continues. ourselves hillary clinton met yesterday with her russian counterpart and the united nations peace envoy to discuss the next steps for syria. the united states has insisted president assad must go. the russians have been against the idea. the u.s. is not going to cause budge on this one the yatsd stands with the american people in insisting that process result in a unified democratic syria. and a future of this kind cannot possibly include assad. >> makes the issue much more complex at least five different cities. u.s. officials say the syrians have already mixed the components for the dead
to after the other 98%, that means energy tax, gasoline tax. the president talked about cover tax, all those things on the self next year. >> it hits everyone. steve moore, always great to have you. >> great to be with you. >> regulating water. it may sound strange but the government says water could be a pollutant and based on epa regulations it could cost homeowners their private property. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? >>> do you know water could be classified as a pollutant. if the epa thinks there's too much in your neighborhood they can take away your home, flatten it and plant grass. a lawsuit has been f
energy, i'm ready for whatever they get into. get your free sample at myemergenc.com. stay healthy and feel the good. get your free sample at myemergenc.com. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> two dead and one transported. additionally, i can confirm that the shooter is dead of an apparent self-inflicted gunshot wound. by all accounts there's no rounds fired by law enforcement today. >> no rounds? >> we will take questions at the end. >> no rounds fired by law enforcement today in the mall. again, we are wrapping up our search of the mall and releasing everybody from the scene. we have a lot of work to do of gat
is elevated. i wonder if that language changed and they talked about higher energy prices. that is not a factor in a statement we expect to get today. any language changes you are expecting? >> i am not expecting any language changes. the elevated unemployment rate will remain in there and whoever spend enough time in six weeks for them to fundamentally change their forecasts. cheryl: okay. constance, what do you think? will there be a true language change? if we look at -- you know ben bernanke. this is it. the last scheduled meeting unless there is an emergency. what do you say? >> there are a couple things to watch here. this is all about getting housing going again. this is why they are buying mortgage bonds. they talked about it in several statements. the economy -- you are starting to see a cat that housing recovery. we are going into the slow season, winter is usually the slow season for housing. if they do more than expected will be in mortgage bonds. dennis: which would you rather have the fed buy more of? mortgage-backed securities for u.s. treasurys? >> for much
here. what is interesting when you have mergers and acquisition particularly in energy this is something that brings positive sentiment to wall street. let's look at freeport-mcmoran. also taking a look at other names that are involved, right? you're looking at, see how they are faring. plains exploration is up 25%. mcmoran exploration up 82%. freeport-mcmoran is buying both of those together. this is $9 billion. this is about oil and gas producers and it will create a natural resources conglomerate. this is a huge, huge move. freeport-mcmoran is a name we always took to when we talk about commodities and things on the move and on a day where oil and gold are to the downside, gold in particular talking about freeport-mcmoran, copper and gold. you can see it is down 14%. that is not unusual to see an acquirer selling off as the two that are being acquired are gaining big-time. this is the action we're seeing in this mining and oil and exploration type deal and this is a big one. certainly scooped up wall street this morning. back to you. melissa: nicole, thanks so much.
at the hotel that you have question marks about the energy security story in the states. >> you know, that's right. i think we are seeing supplies go up. north america, united states, canada, mexico, they've seen significant growth in oil supplies. this year one of the few areas, next year, for a few years to come. is it something that it creates supplies to flood the world's market? no. it's going to create supplies that the world market needs. if you think about the low level of automotive transportation, penetration and emerging markets, again, this longer term story, you'll add more oil coming out of the u.s. you get more demand coming. we're going to need every barrel. >> reporter: where is the price going in 2013? >> i think we'll be higher for brent, quite a bit higher for wti. and that's because we're going to see the narrowing of that brent/wti spread as the seaway pipeline comes on line. and those barrels start flowing at a cushion to the gulf. >> reporter: one last question. the fiscal cliff, we talk about it, historical, dollar down, commodities up. i see less bang for the buck
energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> we'll hear from an eyewitness close enough to the gunman to admit "i am the shooter." >>> a provocative act, north korea launches a rocket overnight. is this a coverup for a ballistic missile program? >>> house republicans give president owe pa ma a counter offer on a deal to avoid the fiscal cliff. will it be a compromise the president can agree with? >>> an asteroid buzzes right between the earth and the moon. the question is, how did it get past astronomers? >> it's wednesday, december 12th and "starting point" begins right now. good morning, welcome, everybody. our team, deepak chopra, the author of "super brain, unleashing the superpower of your mind." i'd like to maximize my health, h
? >> a little bit of energy and a lot of spirit. do you have it? >> deep on the inside. okay. we have about 40 seconds. just take us on through. >> all right. are you ready? >> amy and sam, be sure you're watching. are you ready? >> yes, i am. >> five, six, seven, eight. exercise video. >> sound advice. naughty and nice. hands up. and all i want for christmas is you. robot. robot. high-five. >> i think you're ready to go. let's try it again. one more time. >> one more time. >> here we go. five, six, seven, eight. exercise video. exercise video. naughty. nice. naughty. nice. put your hands in the air. really want it. all i want for christmas is you. robot. >> that was great. all right. this may come up on "gma live!" later. this is naughty and nice? i don't know. it's like -- i don't know. >>> let's get to the boards. >> let's get to the boards. one or two things to talk about. >> we should show you this morning. all over your twitter and facebook pictures. let us know exactly what it looks like in america. from arizona, a gorgeous shot, by the way. and let's show you what it looks like as the
... that would hurt all of us. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> we now know the names of the two people killed at an oregon mall shooting. investigators are calling heinous. 54-year-old cindy ann yuille is described as everybody's friend who put everybody first. steven matthew forsyth is being remembered as a passionate and zest for life. kristina shevchenko remains hospitalized in serious condition. dan, what do we know about the gunman? >> reporter: wolf, we can tell you that the shooter stole the gun that was used during the attack, according to authorities, stole the gun just the day before it happened. came here to the mall, police side fied the shooter as 22-year-old jacob tyler roberts of portland
the department of energy or the department of education people's eyes glaze over. but it does seem to me, kristen, that there is among the network newscast there is kind of like, yeah, let's raise the taxes on the wealthy, that would be a good thing. that does seem to me that's there. >> unfortunate narrative that's been peddled it's not true but it's out there. the idea that you can solve all of our problems by raising taxes on the wealthy. if you bump the rates on the wealthy back to the clinton area it's the magic band-aid it fixes all of our problems. >> bill: marco rubio said it's a myth but i think that's been pointed out five gazillion times. i think folks are so numb to this they don't even pay attention to it. >> bill: i don't mind paying higher taxes i really don't but i don't want to waste it right now i'm not getting any bang for my buck at all, none. zero. >> we have such a big spending problem. if you look at -- take a look at 2007, you know, george w. bush is president. we have got the wars going on. we have got the bush tax cuts in 2007 our deficit was $160 billion. that number al
are the primary source of food and economic assistance, energy assistance to north korea. but then, again, the chinese had a high-level visit to north korea the day before that they announced that they were going to do this missile launch. so, even the chinese, i think, are quite frustrated. but at the same time, i would imagine that they're also not willing to completely abandon the north koreans, because they don't want to see instability in the north, which would then suggest instability along their border. and that is something they don't want to see. so china is really the country that has the most influence, and yet it's very difficult to move them to a place where the united states, japan, south korea, the other members of the six-party talks would like china to go, which is to put more pressure on the north, such that they stop these sorts of provocations and stop their missile and nuclear programs. >> all right, victor cha and spyder marks, thank you to you both for your perspective on this tonight. do appreciate it. >>> "outfront" next, with just 20 days until the fiscal cliff,
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